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Materials Sector News

The latest news stories on Materials sector from Fairfax Media news sources are listed on this page by relevance to the sector.
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Bangladesh arrests suspected terrorists

Police in Bangladesh have arrested seven suspected militants tied to a banned Islamic group and seized a large cache of bomb-making materials, an official says.

More delays for Windimurra Vanadium mine

Windimurra Vanadium Ltd says its namesake mine in Western Australia will be delayed due to the late supply of equipment and materials and delays in approvals.

Asian shares drop as oil, metals drop

Asian stocks slumped, paced by raw materials producers, as the deepening global recession drove crude oil below $US36 a barrel and metal prices to the lowest in more than four years.

China lowers import tax on raw materials

China will lower import tariffs on raw materials for certain sectors next year to help Chinese manufacturers cope with tough conditions, the government said.

Solar tech company to invest $2.2B in Tenn., Mich.

Hemlock Semiconductor Corp., which makes materials used in solar power technology, plans to spend more than $2.2 billion to build a new plant in Tennessee and expand operations in Michigan.

No liability as one row with Government ends

THE building materials company James Hardie has agreed to settle a dispute with the Australian Tax Office for $153 million in relation to four years' worth of tax returns.

Hardie settles dispute with ATO

The building materials company James Hardie has agreed to settle a dispute with the Australian Tax Office for $153 million regarding its tax returns over four years.

Analysts slash BHP iron ore numbers

BHP BILLITON may need to cut its iron ore production by a quarter next year as a slump in global steel output curbs demand for raw materials, Merrill Lynch says.

Mining profits set to dive next year, UBS says

Global mining companies' profits may plunge 60% next year as raw-materials prices will be under pressure for at least six more months, UBS says.

Asian commodity shares rise on stimulus plans

Asian commodity stocks rose on expectations government steps to pull the global economy out of recession will boost demand for raw materials. Panasonic led electronics companies lower after slashing its profit outlook.